Toshiba (the main company backing HD-DVD) has announced that they will no longer develop, manufacture, or market their version of the next generation DVD format, HD-DVD. Blu-Ray will become the new High Definition DVD format with the demise of HD-DVD.

Which format did you have high hopes for? If you picked up an HD-DVD player, what are your plans for it? Let us know in the comments.

[Engadget]